Showing 1 - 10 of 57
The bargaining model with stochastic order of proposing players is properly embedded in continuous time and it is … the Nash bargaining solution of a modified bargaining problem and the Maximum Theorem implies convergence to the Nash … bargaining solution when time between proposals vanishes. The model unifies alternating offers, one-sided offers and random …
Persistent link: https://www.econbiz.de/10011255513
bargaining solution of a modified bargaining problem in the contract space yields the pair of stationary subgame perfect … the Nash bargaining solution is immediate by the Maximum Theorem. Numerical implementation in standard optimization …
Persistent link: https://www.econbiz.de/10011256390
There has been a long debate on equilibrium characterization in the negotiation model when players have different time … bargaining frontier. However, when players have different time preferences, intertemporal trade may lead to continuation payoffs … above the bargaining frontier. We provide a thorough study of this problem without imposing the conventional assumption. Our …
Persistent link: https://www.econbiz.de/10011257339
See also 'Extreme equilibria in the negotiation model with different time preferences', <I>Games and Economic Behavior …</I> (2011), Vol. 73, pp.507–516.<P> We study a bargaining model with a disagreement game between offers and counteroffers. In …
Persistent link: https://www.econbiz.de/10011257375
costs. Threats to switch suppliers set maximal fees. These also arise from a negotiation model that extends price …
Persistent link: https://www.econbiz.de/10011255451
This discussion paper resulted in an article in the <I>Annals of Regional Science</I> (2012). Volume 48, issue 2(SI), pages 501-527.<P> This paper addresses the performance of creative firms from the perspective of complex spatial systems. Based on an extensive high-dimensional database on both the...</p></i>
Persistent link: https://www.econbiz.de/10011255701
This paper examines the long-run trends in per-capita income across the US states (1929-2005). Our analysis advocates and implements a Vector Error Correction Model (VECM), in order to investigate whether disparities in per-capita income embody a stable long-run relation. The empirical...
Persistent link: https://www.econbiz.de/10011255932
This paper aims to provide a conceptual and operational context for analysing regional inequalities. It does so by utilizing a ‘search & matching’ framework. The model, developed in this paper, maps the way in which individuals are distributed according to: 1) the abilities of individuals to...
Persistent link: https://www.econbiz.de/10011255958
This paper identifies pivotal factors behind individual decision-making in the transition from high school to post-secondary education in the Netherlands. We apply a multinomial logit framework to individual data on post-secondary education choices. Specifically, our modeling approach...
Persistent link: https://www.econbiz.de/10011256650
The business performance of firms in the creative high-tech sector shows much variation. This paper examines whether the geographical location of such business firms influences the performance of these firms. The overarching analysis framework of this paper emerges from the recently developed...
Persistent link: https://www.econbiz.de/10011256830